Fierce Healthcare May 29, 2020
The COVID-19 pandemic has thrown any predictions on healthcare out the window.
That spells trouble for Medicare Advantage (MA) and Part D plans that must submit their bids Monday for the 2021 coverage year.
MA and Part D plan bids must reflect the likely costs insurers will face covering healthcare for vulnerable seniors. But that is very difficult this year as the pandemic has turned healthcare use upside down.
So far, insurers have reported cautious optimism across all markets because the pandemic has caused utilization rates to plummet. Providers have faced a major financial crisis as hospitals cancel elective procedures and consumers fear going to the doctor’s office.
However, there is a concern about whether a surge of healthcare use...
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